( June 12, 2024, 02:29 GMT | Official Statement) -- MLex Summary: JX Advanced Metals’ acquisition of Tatsuta Electric Wire & Cable has received conditional approval from China’s State Administration for Market Regulation. According to a decision published late yesterday by SAMR, the deal may restrict competition in the Chinese markets for black oxide-coated copper foils, flexible printed circuit stainless steel stiffeners, electromagnetic shielding films and isotropic conductive adhesives. To ease competition concerns, the merging parties were required not to engage in tying or restricting customers from purchasing products of the merging parties separately. Among other remedies, they must also supply black oxide-coated copper foils and isotropic conductive adhesives to Chinese customers on fair, reasonable and non-discriminatory terms.The decision follows:...
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